Financial Services

ACH payments rose as card payments made a surprising drop, and consumers tried out new payment types.

Mexican neobank succeeds through in-person outreach: Bankaya has made progress with the country’s unbanked by setting up physical kiosks—suggesting a hands-on approach can build digital trust with the underserved.

Digital currencies are coming soon to a country near you: Mexico introducing a plan to launch a Central Bank Digital Currency is only the latest development in the fast-developing market for digital currencies.

How PFM tools boosted engagement and sales for BBVA: An increase in users and interactions with tools designed to help people with their personal finances led to greater satisfaction and engagement—driving sales in the Spain-based bank’s home market.

Chainalysis’ crypto crime report found that illicit transaction activity reached all-time high in value—but an all-time low as a share of all crypto activity.

Crypto firms that let FIs offer their own products will attract significant funding this year—and overall funding will keep growing

UK fintech founders blast Starling CEO’s claim that open banking has failed: Fifty-three founders co-signed a letter pointing to the technology’s growth since 2018. Meanwhile, regulators are preparing actions to make open banking easier.

African fintechs raised nearly $3 billion in 2021—here’s how it’ll fuel the next wave of innovation on the continent.

A Bankrate survey found it’s the main reason why US consumers don’t switch their accounts to another bank. Regulatory action could help, but marketing and product differentiation remain critical.

Indian neobank plans investing, lending launches: Jupiter will spend its $86M raise on broadening its product suite, potentially laying the foundation for a super app.

Interest has revived on the business-customer side, supported by the rise of stablecoins and pressure to compete with bigger banks. Expanding to consumers could accelerate payments and deposits.

Thirty-six percent of US consumers took on debt this holiday season—but only about half of them had planned to.